Bollinger band reading : correction range bound upside biased.
MACD Histrogram : weakening, buyer reducing exposure.
Support : 3550, 3500, 3470 level.
Resistance : 3620, 3650, 3700 level.
Comment :
Correction FCPO continue to eased lower with thinner volume traded as market getting worry over a deteriorating export data despite soy oil futures price rebounding higher after overnight dropped.
Daily chart formed an up doji bar candle after market traded slowly within 51 points range market with the reading remained suggesting a correction range bound upside biased market development.
When to buy : buy at support and weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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